The Entering Student Housing Scholarship is available for select incoming students who lease an apartment for one year in Southwestern's on-campus housing, The Residences at 7th. This scholarship is not renewable. Recipients must meet all initial criteria for on-campus housing, including completing the application, paying the application fee, posting the security deposit for damage to the apartment, meeting credit criteria for rent not covered by the scholarship (which may be through other financial aid funds), and executing the Housing Contract documents. The scholarship is for designated apartments (please see Housing Office for specifics) at The Residences at 7th only and is not transferable. The scholarship amount is payable in accordance with the Financial Aid Agreement (as defined in and incorporated into the Housing Contract), and is paid directly to the leasing agent by Southwestern. The student is responsible for any remaining balance each month.
The scholarship award terminates with respect to any unpaid amount if the recipient no longer resides at The Residences at 7th, withdraws as a student, takes a leave of absence, breaches the housing contract, becomes academically disqualified or is found to be in violation of the student honor code. The scholarship is not deferrable if the student defers enrollment. The scholarship is not applicable to damages, whether for physical damage or damages for unpaid rent or future rent in the event of breach of the housing contract, early termination payments, late charges, fines or other amounts payable under Housing Contract.
These rules are subject to interpretation by the Assistant Dean of Financial Aid, subject to appeal to the General Counsel within five days of the Assistant Dean's notification to the student of an interpretation. Southwestern reserves the right to clarify, update or prospectively amend these rules at any time. The Housing Contract and Financial Aid Agreement forms are available through the Housing Office.
NOTICE: INCOME TAXATION OF HOUSING SCHOLARSHIPS. Recipients are advised that housing scholarships constitute taxable income for federal and state income tax purposes. Please consult your tax advisor. Recipients are responsible for payment of any taxes.